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Bitcoin bills have advanced in New Hampshire’s House and Florida’s House Insurance and Banking Committee, bringing the states a step closer to creating BTC reserves.
The development comes as Arizona leads the race to become the first US state to establish a Bitcoin reserve, according to data from Bitcoin Laws.
New Hampshire Joins List Of US States That Have Advanced A Bitcoin Bill Through One Chamber
New Hampshire’s House passed its HB302 Bitcoin reserve bill in a 192-179 vote yesterday.
HB302 will now make its way to the Senate, making New Hampshire the fourth state to pass a BTC reserve bill through one chamber. The other states that have made similar progress are Arizona, Texas and Oklahoma.
If New Hampshire’s Bitcoin bill clears the Senate and is signed into law, it will allow the state’s treasurer to invest up to 10% of New Hampshire’s general fund and other authorized funds to purchase certain cryptos along with precious metals.
One of the criteria for eligibility is that the crypto must have a market capitalization of more than $500 billion to be included in the reserve, a requirement only Bitcoin meets currently.
The state also has two other blockchain-related bills that are making their way through the legislature. They are HB310, which focuses on stablecoins and real-world asset tokenization (RWA), and HB639 that deals with blockchain regulation and dispute resolution.
Florida BTC Bill Advances After Unanimous Vote
Florida is also making progress with its Bitcoin reserve bill, HB487. Yesterday, the state’s House Insurance and Banking Committee passed the bill with a unanimous vote.
Similar to New Hampshire’s HB302 bill, HB487, if approved, would allow Florida’s State Board of administration and the state’s chief financial officer to use up to 10% of certain funds to buy Bitcoin.
WATCH: Florida House Committee PASSES Bitcoin Reserve Bill
The Insurance and Banking Committee passed HB 487 unanimously today
Including moving testimony from bill sponsor Rep. Webster Barnaby pic.twitter.com/myAlNvtFl9
— Bitcoin Laws (@Bitcoin_Laws) April 10, 2025
Prior to yesterday’s vote, Republican Representative Webster Barnaby, who is the bill’s sponsor, urged the Committee to “vote up” on the “very important bill” that he argued would place Florida at the leading edge of blockchain and crypto technology.
The bill will now have to clear three committees before it can make its way to Florida’s House.
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